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GCC to see massive investments in renewable space, says S&P

GCC to see massive investments in renewable space, says S&P

The GCC (Gulf Co-operation Council) will see massive investments in the renewable space, particularly in the solar PV (photovoltaic) sector, in which capital markets can play a bigger role, according to Standard and Poor's (S&P), a global credit rating agency.

Qatar Airways assures its support for local SMEs

Qatar Airways assures its support for local SMEs

Qatar Airways’ support for local suppliers has grown significantly in the past year to witness a 21% growth during the blockade, a senior official has said.

‘Qatar firms need 6 months to be VAT ready’, says expert

‘Qatar firms need 6 months to be VAT ready’, says expert

Six months is enough for Qatari companies to prepare for the implementation of value added tax (VAT) in the country, an expert said during a seminar held at the Qatar Chamber on Monday.

ExxonMobil former CEO wins lifetime achievement award

ExxonMobil former CEO wins lifetime achievement award

Lee Raymond, the former chairman and chief executive of ExxonMobil, will be this year’s recipient of the 'Honorary Lifetime Achievement Award for the Advancement of International Energy Policy and Diplomacy', presented by the Abdullah bin Hamad Al-Attiyah International Foundation

Qatar shares continue to maintain positive rally

Qatar shares continue to maintain positive rally

The Qatar Stock Exchange on Monday continued to maintain positive rally, albeit at lower levels, mainly on higher buying interests of Gulf and foreign funds and weakened net selling by local retail investors.

Iran bans banks from using cryptocurrencies

Iran bans banks from using cryptocurrencies

Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology.

UDC, QNB sign letter of intent to finance Gewan Island project

UDC, QNB sign letter of intent to finance Gewan Island project

United Development Company (UDC), one of Qatar’s leading shareholding companies and master developer of The Pearl-Qatar, and QNB have signed a letter of intent to work on providing future financing required for the development of Gewan Island project.

Doha Bank posts 5% rise in Q1 profit to QR381mn

Doha Bank posts 5% rise in Q1 profit to QR381mn

Doha Bank has reported about 5% year-on-year growth in net profit to QR381mn in the first three months of this year.

Exxon faces setback in Iraq as oil and water mix

Exxon faces setback in Iraq as oil and water mix

Talks between ExxonMobil and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to the oil major’s ambitions to expand in the country.

Abe’s woes threaten to put yen in BoJ’s inflation path

Abe’s woes threaten to put yen in BoJ’s inflation path

As Governor Haruhiko Kuroda heads into the Bank of Japan’s policy meeting this week, he has an additional factor to watch out for: politics.

Hong Kong’s currency defence kills fixed-rate mortgage market

Hong Kong’s currency defence kills fixed-rate mortgage market

Hong Kong’s banks, blindsided by rising funding costs due to the city’s costly defence of its currency peg, are clamping down on popular fixed-rate mortgages.

Kim shifting gear to economy as N Korea ditches nuclear tests

Kim shifting gear to economy as N Korea ditches nuclear tests

Kim Jong-un’s suspension of North Korean nuclear tests has strings attached.

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